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Procurement Management Account

A Procurement Management Account is a corporate card 'account' (16 digit card number) assigned to an organisation or business unit, which allows multiple authorised users to transact on the account. It is primarily used for a large volume of transactions (e.g. high volumes of travel bookings) or high value procurement transactions (e.g. strategic suppliers).

Credit cardsRates on applicationBank updated 29 Sept 2026
Product page ↗Terms ↗

At a glance

Pricing
Rates on application
Purchase rate
17.99%
Cash advance
17.99%
Foreign transaction fee
2.50%

Rates

Every rate CommBank publishes for this credit card, 2 in all.

TypeApplies toTermBandRateComparisonConditions
Cash advanceP&I--17.99%--
PurchaseP&I--17.99%--

Fees

7 fees published, grouped by when they're charged.

  1. When you take it outUp to $2,0002 fees, each listed below
  2. While you hold itUp to $5952 fees, each listed below
  3. When you close it or pay it offNo fee published

When you take it out2

  • Establishment Fee

    Fee charged per facility as disclosed within your Letter of Offer. This fee applies to Procurement Management Accounts, including Procurement Management Accounts with Virtual Card for Travel and Virt…

    $600
  • Virtual Corporate Card Establishment Fee

    This fee only applies for the Virtual Corporate Card solution. Fee charged per facility as disclosed within your Letter of Offer. Payable on acceptance of the Bank's offer and when the Bank approves…

    $2,000

While you hold it2

  • Annual Account Fee

    This fee applies per Procurement Management Account number, including Procurement Management Accounts with Virtual Card for Travel and Virtual Card for Procurement solutions, as disclosed within your…

    $120
  • Virtual Corporate Card Annual Account Fee

    This fee only applies for the Virtual Corporate Card solution. Applies per Procurement Management Account number with Virtual Corporate Card solution, as disclosed within your Letter of Offer.

    $595

When you make a transaction3

  • Cash equivalent items or cash substitutes cash advance charge

    While no physical card is available to withdraw cash, the bank also charges a cash advance fee ($1.25) and interest (17.99%) for customers using their Procurement Management Account for a cash equiva…

    $1.25
  • Cash equivalent items or cash substitutes cash advance charge

    While no physical card is available to withdraw cash, the bank also charges a cash advance fee ($1.25) and interest (17.99%) for customers using their Procurement Management Account for a cash equiva…

    17.99% of transaction
  • International Transaction Fee

    Applies anytime cash advances, purchases or permitted transactions are converted by Mastercard from foreign currencies to Australian dollar equivalents. For cash advances, the relevant cash advance c…

    2.50% of transaction

Features

Digital bankingTransit Accident InsuranceUnauthorised Transactions Insurance

Eligibility and limits

  • Available to businesses
  • Each application for credit is assessed on the ability of the business to service debt (limit) based on the financials supplied in the application.

Published by CommBank under the Consumer Data Right, last changed by them on 29 Sept 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.